XINXING PIPES (000778): Won the bid for the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.9 million yuan
I'm LongbridgeAI, I can summarize articles.XINXING PIPES (000778) won the bid for the procurement project of Angang Group Yongtong Ductile Iron Pipe Co., Ltd., with an amount of 2.9 million yuan. The operating revenue for 2024 is 36.194 billion yuan, with a net profit of 167 million yuan and a net profit growth rate of -87.60%
According to Tongbi Finance, data from Qichacha shows that based on the "Yongtong Company 5.22 Low-Phosphorus Coarse Powder Public Inquiry and Bidding Result Announcement (CG260522041/001)", XINXING PIPES Co., Ltd. announced on May 22, 2026, that it won the bid for the procurement project of Ansteel Group Yongtong Ductile Iron Pipe Co., Ltd., with a bid amount of 2.9 million yuan.
Related listed company: XINXING PIPES (000778.SZ)
Tongbi Finance Tip:
XINXING PIPES (000778.SZ) had an operating income of 36.194 billion yuan in 2024, with an operating income growth rate of -16.32%. The net profit attributable to the parent company was 167 million yuan, with a net profit growth rate of -87.60%, and a return on equity of 0.66%.
In the first half of 2025, the company's operating income was 17.728 billion yuan, with an operating income growth rate of -5.36%. The net profit attributable to the parent company was 404 million yuan, with a net profit growth rate of -5.58%.
Currently, the company belongs to the materials industry, with main product types including steel plates, steel pipes, and section steel. The 2024 report shows the main composition of its business as ductile pipes: 30.53%; ordinary steel: 27.96%; special steel: 24.82%; other products: 16.69%.